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State Street · 4 hours ago

Private Equity, Fund Accounting & Administration, Assistant Vice President

Boston, MA

Full-time

Onsite

Mid, Senior Level

$85K/yr - $152K/yr

5+ years exp

State Street is an industry leader in providing administrative fund services to Hedge Fund and Private Equity managers. The Fund Accounting & Administration AVP will manage a team responsible for accounting and administrative services for alternative investment client relationships, ensuring client satisfaction and compliance with regulations.

BankingFinanceFinancial Services

Responsibilities

Manage a growing team of financial services professionals in the production and delivery of accounting and administrative services for one or more alternative investment client relationships

Primarily responsible for the allocation of income to investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions

Responsible for the portfolio and fund level accounting for numerous funds including the review and approval of monthly or quarterly net asset value reporting

Lead the onboarding of existing client funds and the launch of new funds

Demonstrate an unrelenting commitment to client satisfaction

Ensure adherence with internal policies and procedures and compliance with external governing regulations

Design and champion technology solutions to address the complex reporting and data requirements of clients

Proactively identify and participate in cross-sell opportunities

Participate in strategic working groups within the organization to improve processes and our operating model

Recruit, hire, train, motivate, and develop staff to realize their full potential

Qualification

Private Equity experienceFund accountingAlternative investment knowledgeCPA qualificationInvestranGenevaManagement skillsCritical thinkingInterpersonal skillsAttention to detailTime managementCommunication skills